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ILS community has pushed boundaries of the cat bond lite structure

Privately placed catastrophe bond transactions, also known as cat bond lites, have grown both in terms of size and utilisation since their introduction to the market back in 2011, with almost $2 billion of new risk capital issued over the last two years being privately placed.This is according to data read the full article →

Twelve Capital issues $76.8m of new Dodeka private cat bonds

Specialist insurance-linked securities (ILS) and reinsurance investments manager Twelve Capital has successfully completed issuance of $76.8 million of new private catastrophe bonds through its Dodeka series of transactions.The Dodeka private catastrophe bond (or cat bond lite) series of deals are privately arranged and placed insurance-linked securities (ILS) arrangements, which are read the full article →

$50.22m Artex SAC Series HX private catastrophe bond issued

Another private catastrophe bond, or cat bond lite, has been issued in time for the upcoming reinsurance renewal, the first from the Artex Risk Solutions owned segregated account reinsurance transformer platform in a year, a $50.22 million Artex SAC Limited - Series HX Notes transaction.This private cat bond transaction has read the full article →

Twelve Capital lists fifth private cat bond of year, an $18.3m Dodeka XVII

Zurich headquartered insurance and reinsurance linked investment fund manager Twelve Capital Management has completed its fifth private catastrophe bond transaction of the year, with an $18.322 million Dodeka XVII transaction that listed in Bermuda yesterday.The Dodeka private catastrophe bond series of privately arranged and placed insurance-linked securities (ILS) arrangements are read the full article →

Dodeka XVI, a $9.603m private cat bond, issued for Twelve Capital

Twelve Capital Management, the Zurich headquartered insurance and reinsurance linked investment fund manager has completed the issuance of its eighteenth private catastrophe bond transaction, with a $9.603 million Dodeka XVI deal.The Dodeka series of private catastrophe bond or insurance-linked securities (ILS) arrangements have become an integral part of Twelve Capital's read the full article →

Twelve Capital completes new $9.269m Dodeka XV private cat bond

Another Dodeka private catastrophe bond transaction has been completed by Twelve Capital Management, the Zurich headquartered insurance and reinsurance linked investment fund manager, with a $9.269 million Dodeka XV placed, becoming the seventeenth such ILS deal from the manager to-date.Twelve Capital uses these privately securitized and placed arrangements to transform read the full article →

Twelve Capital in sixteenth Dodeka private cat bond, a $23.567m Dodeka XIII

Zurich headquartered insurance and reinsurance linked investment fund manager Twelve Capital Management has completed its sixteenth private catastrophe bond transaction in the Dodeka series, with a $23.567 million Dodeka XIII deal which was listed on the stock exchange in Bermuda yesterday.ILS fund manager Twelve Capital uses these privately arranged and read the full article →

Nuclear liability risk ILS transactions upsized for 2018

Private nuclear liability risk insurance-linked securities (ILS) transactions have been expanded and upsized for 2018, Artemis understands, as corporate nuclear power operators show increasing comfort with tapping ILS markets for direct insurance coverage.These nuclear liability ILS deals were seen as ground-breaking, when details first emerged last year.These transactions are relatively read the full article →

Lack of transparency hindered ILS hurricane loss estimation: Report

Analysis by CreditSights questions industry estimates that roughly a quarter of alternative reinsurance capital was exposed to losses from hurricanes Harvey, Irma, and Maria, adding that the majority of capital markets losses have been assumed by structures outside of the catastrophe bond space.While still uncertain and subject to change, insurance read the full article →

Twelve Capital adds portfolio diversification with latest Dodeka cat bond

Insurance and reinsurance focused investment manager Twelve Capital said that its latest privately transacted catastrophe bond, the almost $35 million Dodeka XIV deal, that we covered at the time of its listing at the start of the month, features perils not typically accessible in the main cat bond market and read the full article →